Abstract

At the end of the Uruguay Round of the General Agreement on Tariffs and Trade (GATT) in 1994, the Trade Related Intellectual Property Rights (TRIPS) agreement was implemented to regulate standards of Intellectual Property (IP) regulations in WTO member countries. The Uruguay Round introduced IP rights into the multilateral trading system for the first time through a set of comprehensive disciplines. Being a member of the WTO and a signatory to the TRIPS agreement, it is compulsory for India to formulate its IP regulations to comply with the TRIPS agreement. The TRIPS Agreement is subject to WTO dispute settlement mechanism, which is contained in the Dispute Settlement Understanding (“Understanding on Rules and Procedures Governing the Settlement of Disputes”, TRIPS) (Grain, 1998)